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1796 points koolba | 2 comments | | HN request time: 0.433s | source
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drawkward ◴[] No.42063854[source]
It's the economy, stupid:

-Inflation is not prices; it is the rate of change in prices. Low inflation doesn't imply low prices. -Aggregate statistics don't necessarily explain individual outcomes.

The Dems failed on this count massively, and have, for maybe the last 40 years, which is about the amount of time it took for my state to go from national bellwether (As goes Ohio, so goes the nation) to a reliably red state. This cost one of the most pro-union Senators (Sherrod Brown) his job.

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UncleOxidant ◴[] No.42066822[source]
> The Dems failed on this count massively

What was their failure here? The failure to explain to the economically illiterate that while inflation is now about where it was prior to covid that prices won't be going down (unless there's some sort of major recession leading to deflation)?

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crazygringo ◴[] No.42066984[source]
Yup, there's nothing they could have done. That's the tragedy of it.

You can't just educate people in a campaign that the President doesn't cause inflation, when it's the result of a global pandemic. They just don't listen and don't care. The different campaign messages get tested among focus groups. The ones that try to teach economics or explain inflation perform terribly.

This isn't a failure of Democrats at all. This is just pure economic ignorance among voters.

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nxm ◴[] No.42067176[source]
Covid was coming to an end, and yet Democrats decided to still go on another trillion dollar spending spree, inevitably leading to inflation.

It's incorrect to characterize this as "pure economic ignorance among voters"

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schmidtleonard ◴[] No.42067228[source]
Trump printed $4T in a year, Biden printed $1.5T in 3 years. 80mph vs 10mph.

The 80mph is what got us to inflation town. If someone looks at 80mph and 10mph and says "I'll elect the 80mph guy because 10mph is irresponsible" then yeah, I'm pretty comfortable characterizing that as pure economic ignorance.

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nightski ◴[] No.42067694[source]
Trump didn't print $4T, the bi-partisan effort in Congress for COVID relief did.

I think the problem in voters eyes is that Biden did not stop after this. He pushed through multiple trillion dollar bills on top of it.

I'm not saying I agree with that stance, but calling the $4T Trump's doing is a really misleading. It was not part of his economic agenda at all.

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1. mobilefriendly ◴[] No.42068136[source]
Yeah Trumps spending was bipartisan but Biden unilaterally poured fuel on the fire after Covid.
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2. michaelmrose ◴[] No.42069114[source]
Inflation is down prices aren't going to come down if we spend less.